Sphere Entertainment Stock Soared This Week. Here's Why.

The company's earnings pleased investors. Shares of Sphere Entertainment Co. (SPHR 6.73%) rose as much as 25% this week, according to data from S&P Global Market Intelligence. The upstart entertainment venue and owner of the Las Vegas Sphere, as well as regional sports networks, showed strong growth yet again in its latest earnings report, and a path to profitability. As of 1:46 p.m. ET on Friday, Sphere Entertainment was up 21.7% since last Friday's close and 46% year-to-date. Here's why Sphere Entertainme ...